What is Droom? Droom Review

introduce

Droom is a Singapore holding company that started with online trading of used cars. Now, its trading categories also include new cars. It has subsidiaries in India and the United States. Currently, Droom's business has covered more than 100 cities in India, with nearly 3 million visitors per month and a market share of 75% in online car trading. Droom has developed an ECO vehicle certification and evaluation system that can classify cars into 10 levels based on historical transaction records, pictures and other documents of the vehicle, while providing users with vehicle inspection services and related reports.

Basic Information

Droom is an online marketplace for buying and selling new and used cars. It has four marketplace formats, including B2C, C2C, C2B, and B2B, and three pricing formats - fixed price, best offer, and auction. The platform covers all categories from bicycles to airplanes and provides all automotive services such as warranty, RSA, insurance, and car loans.

Core Values

The culture of Droom is casual, fun loving, high energy, dynamic and apolitical. The two things that are put at the top of the list are passion and merit.

Financing

In August 2015, Droom received a $16 million Series A funding round led by Lightbox Venture Capital.

In June 2016, Droom, an Indian online used car trading platform, announced that it had received Series B financing, with investors mainly including Beenext and Digital Garage.

In July 2017, Droom received a US$20 million Series C funding round led by Integrated Asset Management.

In May 2018, Droom, an Indian vehicle trading platform, received $30 million in Series D funding, led by Toyota Tsusho Corporation and Japanese technology company Digital Garage.

In October 2018, Droom announced the completion of a $30 million Series E financing round, with the investor being the family investment company of Joe Hirao, the founder of Japan's ZIGExN. The funds raised in this round will be used to expand overseas markets and provide more diversified services, making transactions smoother through C2C and C2B models.

In June 2019, Droom received Rs 700 million in Series F pre-IPO financing.

develop

Droom was established in Singapore in June 2014.

In November 2014, the Android client was launched.

The website was launched in February 2015.

In April 2015, the Apple client was launched.

In October 2015, the number of app downloads reached 1 million and the number of employees exceeded 100+.

In December 2015, the number of sellers exceeded 20,000+.

In February 2016, the app downloads reached over 2 million.

In February 2016, Droom launched OrangeBookValue.com.

In March 2016, the "ECO" vehicle certification and evaluation system was launched, which can classify vehicle transactions into 1 to 10 levels based on the vehicle's historical transaction records, detailed photos provided by users, and other documents.

In November 2016, Droom launched the OBV TVC.

In February 2017, Droom became the fifth largest e-commerce company in India.

In March 2017, Droom became the number one online automotive portal

In April 2017, Droom Credit was launched.

In September 2017, the Bituji Beemer video advertisement was launched.

In October 2017, Droom Discovery was launched.

Awards

In July 2016, Droom was named one of the top 20 startups in Japan by Forbes Japan.

In July 2016, Droom was named one of the top tech startups of 2016 by PC Quest magazine.

In July 2016, it was named India's most respected e-commerce company.

On August 21, 2016, Droom was named "Tech Startup of the Year" by Entrepreneur Magazine.

On December 16, 2016, Droom won three prestigious Effie Awards for 2016.

In October 2017, Bittuji ki Beemer ranked first in the YouTube advertising rankings for the third quarter of 2017 held in India.

The best.

In January 2018, it was named one of the “30 Fastest Growing Companies in Asia in 2017” by Silicon Review magazine.

January 2018, won the Bronze Award for Telecommunications and Technology in 0BV-Bakra Mat Banoad and Won Silver in Mobile Applications for E-commerce, Online Media, ECO Advertising

References

• 1. Indian vehicle trading platform Droom received round D financing to further expand its business scale: Chuangye.com [cited on 2018-05-15T16:00:00.000Z]
• 2. Indian used car trading platform Droom completes Rs. 700 million F round of financing: Tencent News [cited on 2019-06-22T16:00:00.000Z]
• 3. Indian online car trading platform "Droom" completed E round of financing: 36kr [cited date 2018-10-04T16:00:00.000Z]
• 4. Indian online car trading platform Droom completes Series E financing: Sina Auto [cited on 2018-10-03T16:00:00.000Z]